Institution Statistics
| SALEM ITALIAN-AMERICAN | | NCUA # | 67893 | | BankRate Report | View | | Year Chartered | 1954 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.12 million | | Loans | $847,000 | | Deposits | $889,000 | | Equity Capital | $229,000 | | Loan Loss Allowance | $6,000 |
Historic Data - December 2010 | | Assets | $997,000 | | Equity Capital | $230,000 | | Loan Loss Allowance | $5,000 | | Unbacked Noncurrent Loans | $7,000 |
Profit Margin - Quarterly | | Net Interest Margin | 7.01% | | Return on Assets | 0% | | Return on Equity | 0% | | Interest Income | $69,000 | | Non-Interest Income | $1,000 |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Salem Italian-American Credit Union had $0 in non-current loans and owned real-estate with $235,000 in equity and loan loss allowances on hand to cover it. This gives Salem Italian-American Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Salem Italian-American Credit Union has increased its total deposits by $126,000, resulting in 16.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Salem Italian-American Credit Union has shown is excellent. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Salem Italian-American Credit Union has $1.12 million in assets with $235,000 in equity, resulting in a capitalization level of 20.91%, which is excellent. |
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